People selling the stock of a company thar owns company doesn’t mean bitcoin getting liquidated. I have a hard time seeing any large bitcoin treasury company recklessly buying bitcoin with short duration debt. There will be a bitcoin treasury company bubble, but it popping won’t necessarily affect Bitcoin. This is not Terra Luna selling 80,000BTC

You don't know where this all ends up man. I'm talking 4+ years from now.

The risk is loans marked to the stock price or the Bitcoin price. Plus you'll have a lot of plebs with Bitcoin denominated loans secured at much higher prices. I don't see it being something that blows up this epoch.